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Francisco
Francisco G. G. is a 39 year old gentleman who lives with his wife and child in a community called Santa Fe, which is located in Los Chiles, Alajuela Province. The community is situated in a mountainous area near the northern border of the country. The main economic activities are ranching and farming, with specific emphasis on the cultivation of grains, sugar cane, and oranges.

Don Francisco has been engaged in farming since a very young age. He has been especially interested in fattening pigs to sell so that he can generate income for his family. Don Francisco says he is very happy with the gains he has made because he will be able to renovate his house because it is in very bad condition.

He wants to obtain a microloan in the amount of 665,000 CRC to purchase more pigs and improve the conditions for raising them, thereby increasing his production. He know that having more pigs is a greater sacrifice and demands more work, but doing so will strengthen his business so that he can become a successful micro-entrepreneur.

Don Francisco is a member of the Manantial de Santa Fe Communal Credit Enterprise, one of 100 member organizations that make up EDESA in Costa Rica. This will be his second loan and he hopes to grow more on a personal and financial level. He also says that he is thankful for these types of organizations and credit facilitators who dedicate more time to productive activities.
View original language description ↓
Francisco G. G. es un señor de 39 años de edad el cual vive con su esposa y su hijo en una comunidad llamada Santa Fe localizada en Los Chiles, provincia de Alajuela; está comunidad se destaca por ser una zona montañosa y por estar muy cerca de la frontera norte de nuestro país. Sus principales actividades económicas son la ganadería y la agricultura específicamente se da la siembra de granos básicos, caña de azúcar, naranja.

Don Francisco se ha dedicado desde muy joven a la agricultura, especialmente se ha interesado en el engorde de cerdos para su venta, , ya que es una forma de generar ingresos para su familia. Dice estar muy contento porque gracias a las ganancias que ha obtenido va a poder arreglar su ya que se encuentra en muy mal estado.

El desea obtener un micro crédito por un monto de ¢617000 (seiscientos diecisiete mil colones) para comprar más cerdos y mejorar las condiciones de cuido, Y así aumentar la producción. El sabe que contar con más cerdos es un mayor sacrificio y demandará más trabajo; pero dice que así podrá fortalecer más su proyecto para llegar a ser un microempresario exitoso.

Don Francisco es socio de la Empresa de Crédito Comunal Manantial de Santa Fe, una de las 100 organizaciones socias de EDESA en Costa Rica. Este será su segundo préstamo y con él espera crecer más a nivel personal y económico. También destaca que gracias a este tipo de organizaciones y medios facilitadores de crédito puede dedicar más tiempo a las actividades productivas.

Additional Information

More information about this loan

As a small and relatively young MFI located in Costa Rica, EDESA has difficulty attracting other sources of capital. Many other microfinance funders do not work in Costa Rica, because overall the country is too rich. However, organizations such as EDESA work with extremely marginalized populations in Costa Rica that really need the access to capital that EDESA provides. By funding EDESA, Kiva lenders are allowing the organization to grow and reach more people than they otherwise would be able to reach.

About Costa Rica

  • $12,900
    Average annual income
  • 39
    View loans »
    Costa Rica Loans Fundraising
  • $4,441,500
    Funds lent in using Kiva
  • 561.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Francisco purchase pigs & rebuild a pig pen.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 5, 2010
Listed
May 4, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 28, 2012